Palm oil imports by India, the world’s biggest buyer, climbed for the first time since June as traders boosted shipments on speculation that taxes may be increased to curb a surge in inflow of refined oils.
On rainy days, the GUM mall on Moscow’s Red Square swarms with tourists. Unfortunately for GUM, the hordes seeking shelter tend to do more looking than buying, in large part because the big-brand fashions there cost about 50 percent more than they do in Paris or London.
China should consider auctioning quotas for importing agricultural goods to increase transparency and create a level playing field for all companies, private research firm Shanghai JC Intelligence Co. said.
Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travelers from markets including China.